Authored by Kevin Muir via The Macro Tourist blog,
Last week I got long the US 5-30 year yield spread (Air Says Get Long Steepeners). I thought the seasonality, combined with a bear move in bonds, would cause some steepening in that part of the curve.
Well, I got the bear move in bonds, but not only was there no steepening, the 5-30 spread flattened down to the previous lows of 92 bps!
Authored by Darius Shatahmasebi via TheAntiMedia.org,
Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable difference from gold.
After Democratic lawmakers exploded with outrage following Facebook's revelation that it sold some $100,000 worth of political advertising to a Russia-linked organization during the presidential campaign, the social media behemoth has agreed to release some of the 3,000 suspect advertisements that appeared on its platform with Congressional investigators, Politico reports.
In the Fed's latest Flow of Funds report, today the Fed released the latest snapshot of the US "household" sector as of June 30, 2017.
"What is THE catalyst?"
As all traders know, and as UBS repeats this morning in a new report by credit strategist Matthew Mish, one if not the mostly commonly asked questions is "what events could disrupt global corporate credit markets heading into year-end and early 2018."